Piazza, a Facebook-alumna created site that is trying to bring a little social-networking pizazz to university education, has secured $6 million in funding from Bessemer Venture Partners, Kapor Capital, and Felicis Ventures.
The Palo Alto, Calif.-based site, launched last year, is helping university students collaborate in online study groups under the guidance of their instructors. The cash will help Piazza expand beyond the several hundred schools where students use it today, said founder and chief executive Pooja Sankar, and into new study areas. Currently, it has the most traction in science, technology, engineering and math.
A spokesman says that the company is “pretty close to selling out” on the Signature Edition, on which it has said it will only take 1,000 orders. The company declined to say how close it was to that limit, but the spokesman said he expected that the release of its pricing and options packages yesterday would spur more customers to choose the Signature.
SAN FRANCISCO (Reuters) – Kevin Ryan, chief executive of online retailer Gilt Groupe, is keeping close tabs on congressional legislation that might enable him to have more shareholders in his young company.
Barry Silbert, chief executive of SecondMarket, an exchange for trading of private-company shares, is keeping close tabs on Ryan.
SAN FRANCISCO, Dec 21 (Reuters) – Kevin Ryan, chief
executive of online retailer Gilt Groupe, is keeping close tabs
on congressional legislation that might enable him to have more
shareholders in his young company.
Barry Silbert, chief executive of SecondMarket, an exchange
for trading of private-company shares, is keeping close tabs on
(Reuters) – Immigrants founded or cofounded almost half of 50 top venture-backed companies in the United States, a new study shows, underscoring some of the high stakes in potential immigration reform.
The venture capital community argues the study, completed by research group National Foundation for American Policy, proves the need to overhaul rules governing how entrepreneurs can immigrate to the United States to spur job development.
Getting off a plane earlier this year, Walter Isaacson got hit with what he called “the thing you least want to see on your iPhone”– six or seven missed calls from his biography subject, Steve Jobs.
Speaking to a crowd at the Computer History Museum Tuesday night in Mountain View, Calif., Isaacson described finally connecting with Jobs, who apparently had just seen the book’s proposed cover and didn’t care for it. Jobs let loose a stream of invectives. “He just started yelling,” Isaacson recalled. “You have no taste. The cover is gimmicky. It’s ugly.”
SAN FRANCISCO (Reuters) – Traveling to space or embarking on an expedition to excavate lost Mayan ruins are normally the stuff of adventure novels.
But for employees of Facebook, these and other lavish dreams are moving closer to reality as the world’s No. 1 online social network prepares for a blockbuster initial public offering that could create at least a thousand millionaires.
SAN FRANCISCO (Reuters) – Consumers spent a record $1.25 billion on Cyber Monday, according to comScore, highlighting how much people love shopping online.
But another group is in just as much of a frenzy over online retail: venture capitalists, who invested a record $2.39 billion in online shopping this year, according to Thomson Reuters data. That’s more than double last year’s $1.06 billion, which in turn was almost double the prior year’s investments in the sector.
LinkedIn founder Reid Hoffman wanted to be an academic when he was younger. Now, he’s an entrepreneur helping academics.
Greylock Partners, where Hoffman toils these days as a venture capitalist, is joining Benchmark Capital in leading a $15 million funding round for Edmodo, an education network for teachers that allows them to talk to each other easily, keep track of assignments, conduct quizzes, and do other basic tasks.
Let Facebook’s Mark Zuckerberg ruminate all he wants about how if he were starting Facebook today, he’d do it in Boston. There’s still no substitute for Silicon Valley, according to a panel of venture capitalists at the University of Pennsylvania’s Wharton School offices in San Francisco.
Mostly, that’s because of the concentration of talent, particularly engineering and product talent, in the Bay Area, they said. Becoming a sizeable company without access to that pool is difficult for most tech-based startups, they said.